Davis Commodities Limited (NASDAQ:DTCK) Sees Significant Growth in Short Interest

Davis Commodities Limited (NASDAQ:DTCK) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 80,000 shares, an increase of 147.7% from the November 30th total of 32,300 shares. Approximately 2.5% of the company’s shares are short sold. Based on an average daily volume of 213,100 shares, the days-to-cover ratio is currently 0.4 days.

Davis Commodities Stock Down 2.7 %

DTCK stock opened at $1.10 on Friday. Davis Commodities has a 1-year low of $0.76 and a 1-year high of $1.75. The company has a current ratio of 1.31, a quick ratio of 1.30 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average price is $1.03 and its two-hundred day moving average price is $1.11.

About Davis Commodities

Davis Commodities Limited, an investment holding company, operates as an agricultural commodity trading company in Asia, Africa, and the Middle East. The company trades in agricultural commodities, including sugar, rice, and oil and fat products under the Maxwill and Taffy brands. It also provides warehouse storage and logistic, as well as agency services.